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Post office rd
Can i claim post office rd under section 80TTA?
Replies (7)
Deduction u/s 80TTA is applicable to individual taxpayers and HUF only. This benefit is not available to a firm, an Association of Persons or a Body of Individuals.
Saving accounts with any of following entities will qualify:
- Bank or banking company;
- Co-operative Society engaged in carrying on the banking business and as specified.
- Post office Saving Account.
This deduction is NOT applicable to the interest you received on your FDs/time deposit or term deposit.
agreed with above answer... it is not eligible for deduction.
No u can't claim deduction u/s 80TTA in respect of intt. on P. O. R D.
Wheather Interest on post office rd is taxable?
If it taxable under which section it os taxable?
Yes intt on p.o. red is taxable and is to shown under income from other sources..
RD account is not a saving account............ so deduction u/s 80TTA cant be claimed..
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